Dubai has approved a second package of economic incentives valued at AED1.5 billion ($408.44 billion). The package spans a range of sectors, including government fees and services, tourism, trade and logistics, real estate, construction, education, and arts and cultural activities.
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ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience.
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Three supertankers carrying 6 million barrels of Middle East crude resumed crossing the strategic Strait of Hormuz on Wednesday, signalling tentative hopes for stability in global oil flows as US President Donald Trump indicated he was prepared to give Iran a few more days to respond to Washington’s latest proposal aimed at ending the conflict.
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The Gulf Cooperation Council (GCC) and Britain concluded negotiations on a free trade agreement on Wednesday, in what officials described as a landmark deal expected to deepen economic ties and deliver significant benefits to both sides.
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Dubai is rapidly evolving beyond its traditional reputation as the “City of Gold”, with industry leaders now suggesting the UAE could emerge as one of the world’s most influential centres for physical gold trading, compliant bullion transactions, and potentially even future pricing power.
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Dubai is aiming to cement its position as one of the world’s leading sports destinations under an ambitious strategy that seeks to nearly double the sector’s contribution to the emirate’s economy from AED10.17 billion ($2.77 billion) to AED18.3 billion ($4.98 billion) by 2033, while dramatically expanding participation and spectator attendance.
DP World has attracted AED854 million ($232.54 million) in investments across Jebel Ali Free Zone (Jafza) in the first four months of 2026, underlining continued investor demand for Dubai’s trade and industrial hub.
Bahrain's Civil Aviation Affairs (CAA) has announced the suspension of entry for non-Bahraini travellers arriving in the kingdom from South Sudan, the Democratic Republic of the Congo and Uganda on all flights from Tuesday, May 19.
Hopes of a breakthrough in efforts to end the US-Israeli conflict with Iran rose after President Donald Trump and Vice President JD Vance struck an optimistic tone, suggesting that negotiations with Tehran were making significant progress and that a deal to halt hostilities could be within reach.
Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has signed an agreement with Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, to develop a landmark mixed-use master community at an investment of AED62 billion ($16.8 billion).
US President Donald Trump said on Monday he had paused a planned attack against Iran after Tehran sent a peace proposal to Washington, and that there was now a "very good chance" of reaching a deal limiting Iran's nuclear programme.
Flyadeal, Saudi Arabia’s fast-growing low-cost airline and part of the Saudia Group, has announced the launch of scheduled services to India with daily flights between Riyadh and Hyderabad beginning July 1, 2026.
Bahrain's national carrier Gulf Air has announced a near-full return to normal operations, with 75% of its global network reinstated. Over the past several weeks, the airline has resumed services across the Middle East, Europe, India and Africa, thus reconnecting an increasing number of passengers through Bahrain.
Gradiant, a leader in advanced wastewater solutions, said it had raised a Series E funding round valuing the firm at $2 billion, amid rapid growth in AI infrastructure, semiconductor manufacturing. The new investment supports strategic merger and acquisition, next-generation research as well as IPO readiness.
The Abu Dhabi National Oil Company (ADNOC) is accelerating construction of a second crude export pipeline designed to bypass the strategically sensitive Strait of Hormuz, with the project now 50% complete and targeted for delivery in 2027, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
The Abu Dhabi National Oil Company (ADNOC) is accelerating construction of a second crude export pipeline designed to bypass the strategically sensitive Strait of Hormuz, with the project now 50% complete and targeted for delivery in 2027, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
Etihad Airways, the national airline of the UAE, celebrated the inaugural flight of its new service to Salalah, introducing a direct connection between Abu Dhabi and Oman's southern coastal city.
Jazeera Paints, a leading company in the paint, colour, and building solutions industry, is strengthening its presence across Gulf markets as part of its broader regional expansion strategy, by opening its first branch in Doha.
Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said.
Leo & Loona Kids Park has opened at The Avenues Mall Bahrain, introducing one of the region’s leading indoor family entertainment concepts to the Kingdom.
GymNation, an upcoming gym operator, has secured a $100 million private credit facility from certain funds and entities controlled by HPS Investment Partners, a part of global asset manager BlackRock, in one of the first regional investments of its size since the Iran conflict commenced.
Aramex, a leading global provider of logistics and transportation solutions, has appointed Archer Fu as its new Senior Vice President (SVP) East. In his new role, Fu will play a pivotal role in driving the company’s growth strategy across the Eastern region, covering Oceania, North Asia and South East Asia.
Magrabi Retail, a leading eyewear retailer in the Middle East, has announced the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt.
Dubai has approved a second package of economic incentives valued at AED1.5 billion ($408.44 billion). The package spans a range of sectors, including government fees and services, tourism, trade and logistics, real estate, construction, education, and arts and cultural activities.
Nokia has announced the launch of its AI Networking Innovation Lab, a new centre designed to drive co-innovation with AI and cloud partners and accelerate the development of next-generation networking technologies for artificial intelligence (AI) infrastructure.
Ethara has announced that one of the world’s biggest bands, Imagine Dragons, will headline the After-Race Concerts at the Formula 1 Etihad Airways Abu Dhabi Grand Prix on Saturday, December 5.
The Esports Foundation (EF) has announced that the 2026 edition of the Esports World Cup (EWC), the world’s largest esports and gaming event, will be hosted in Paris, France, from July 6 through August 23.
Three supertankers carrying 6 million barrels of Middle East crude resumed crossing the strategic Strait of Hormuz on Wednesday, signalling tentative hopes for stability in global oil flows as US President Donald Trump indicated he was prepared to give Iran a few more days to respond to Washington’s latest proposal aimed at ending the conflict.
